Jingneng Accomplished Series B financing of 500 Million Yuan

0040-02544 Upper Body, Dps Metal

0020-33806 Upper Chamber Dps + Poly

Jingneng Accomplished Series B financing of 500 Million Yuan

Zhejiang Jingneng Microelectronics Co., Ltd completed the fourth round of financing, which was invested by Xiuzhou Linghang Fund. The company immediately carried out the shareholding system reform to effectively promote the high-quality development of various businesses.

Source: Jingneng Official Wechat

Jingneng focuses on the development of high-reliability power semiconductor products, and is committed to becoming a leading enterprise in the industry. The company has three intelligent production bases in Yuhang, Wenling and Xiuzhou. The products serve new energy scenarios such as electric vehicles, wind and solar storage and charging, and robots.

With the support of 24 shareholders, Jingneng will continue to invest in R&D and innovation, continuously improve its competitiveness in design, process and application, provide customers with excellent semiconductor solutions, and promote the green transformation and sustainable development of the industry.

Founded in June 2022, Zhejiang Jingneng Microelectronics Co., Ltd. (hereinafter referred to as "Jingneng") is Geely's power semiconductor company, which has built an industry-leading R&D and manufacturing system with the support of global industrial resources, focusing on electric vehicles, sustainable energy and high-efficiency industries. Jingneng adheres to user-centricity, focuses on technological innovation, and provides differentiated and customized solutions from multiple dimensions such as materials, chips and modules‍

Headquartered in Yuhang Economic Development Zone, Zhejiang, the company has three modern production bases in Yuhang, Wenling and Xiuzhou, integrating advanced equipment and high-level talents in various subdivisions around the world, and has successfully realized the R&D and application of dozens of chips and modules such as Si-based MOS, IGBT, FRD and SiC-based MOS.

Previously, in December 2022, Jingneng announced the completion of the Pre-A round of financing. This round of financing was led by Walden International, followed by Jiayu Capital, Gaorong Capital, Wofeng Industrial and other institutions. In December 2023, Jingneng announced the completion of Series A+ financing, led by Wenling Kowloon Hui, followed by a number of old shareholders.